Reuters was ahead with key developments in the Aramco IPO story, including reporting first that Aramco would announce its intent to list on Nov. 3 after a false start in October. Reuters was then well ahead in reporting on Nov. 2 that Saudi Arabia’s crown prince finally gave the green light for the long-awaited flotation. After Saudi Arabia officially kick-started the initial public offering process, Reuters broke news on Nov. 5 that the government would be subject to a one-year lockup on selling additional shares, signaling an Aramco international share sale is unlikely for at least a year.
Business & Finance
Reuters ahead with key developments in Aramco IPO
05 November 2019, 12:00 am 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe / Middle East / Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text